Trimble Navigation (TRMB): Sees Q4 EPS of $0.22-0.24 vs. $0.33 consensus, and revenue of...

|About: Trimble Navigation Limited (TRMB)|By:, SA News Editor
Trimble Navigation (TRMB): Sees Q4 EPS of $0.22-0.24 vs. $0.33 consensus, and revenue of $268-269M vs. $313M. "Customers have dramatically reduced discretionary capital spending in the U.S. and Europe and dealers have tightened inventories... while we anticipated a difficult fourth quarter, the scale of the revenue shortfall exceeded our expectations." Shares -10.4%. (PR)